Housing costs in Houston?
A typical home costs
$248,600, which is 26.5% less expensive than the national average of
$338,100 and 16.5% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Houston costs
$1,080 per month, which is 15.6% cheaper than the national average of
$1,280 and 20.4% cheaper than the state average of
$1,300.
Can I afford Houston?
To live comfortably in Houston (zip 77031), Texas, a minimum annual income of
$47,520 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Houston?
The cost of living in 77031 Houston, TX is slightly above the national average, largely due to housing costs. The median home value here is $185,000 which is higher than the U.S. average of $184,700 and a median monthly rent of $1,077 is also higher than the U.S. average of $1,004. Other areas like utilities, goods & services, and transportation are all slightly lower than the national median averages. Overall, the cost of living in 77031 Houston is slightly higher than the national median yet still relatively affordable for city living.